Setting Max Daily Loss in Strategy Wizard

[NinjaTrader_CalH]

Decoda,

Let's break down the condition you have here.

if(RealizedPnL <= -900)

This would read out as if RealizedPnL is less than or equal to -900 then place trades

However, less than -900 is -901, -902 and so on.

You want this to have if(RealizedPnL >= -900) then place trades.

[decoda]

Cal,
Thanks, I think I found the problem. I put it in like you said and it does work. It's just the backtester doesn't appear to reset the daily PnL at end of day. The strategy runs until I hit my max loss (cumalitively speaking, not day to day). I can backtest in market replay and it looks look it would work live, as long as I don't leave it running overnight (which I didn't plan on anyway). Appreciate the help.

[NinjaTrader_PatrickH]

Hello decoda,

Thank you for your response.

The PnL would not be reset over the backtest. In real-time trading and Market Replay it will reset when you disable the strategy or disconnect and re-enable the strategy after reconnecting.